PPP Loan Data — Miller Sierra Contractors Inc, Euless, TX
Miller Sierra Contractors Inc
Location: Euless, TXTweet This • Search All PPP Data
Miller Sierra Contractors Inc is a corporation located at 1760 S Pipeline in Euless, Texas that received a Coronavirus-related PPP loan from the SBA of $4,995,600.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 495 people during the applicable loan loan period.
$ PPP Loan Information
Miller Sierra Contractors Inc received a Paycheck Protection Loan of $5M through PROVIDENCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Miller Sierra Contractors Inc's total 2019 payroll expenses were approximately $23.98M in order to qualify for the PPP loan amount received.
Based on their reported 495 jobs retained, this equals an estimated average yearly compensation of $48,442 per employee1.
Business Information - Miller Sierra Contractors Inc in Euless, TX
1760 S Pipeline
Euless, TX 76040
Poured Concrete Foundation and Structure Contractors (NAICS code 238110)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-24
Similar Companies near Euless
In the Euless area, 9 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 110 employees (compared to this company's 495) and received an average PPP loan of $1,293,859 (compared to this company's $5M).
Similar Nearby Businesses Who Received PPP Funding:
Leland Pennington Incorporated
Structured Foundation Repairs, Inc.
Superior Concrete Fence Of Texas, Inc.
Pennington Utility Construction, LLC
Mcfarland Concrete Structures
Texas Star Sawing & Sealing, LLC
A & A Construction Company
Pavement Services Corporation
Industry PPP Comparison Statistics
Nationwide, 12,254 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $2,172,253,420.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 97% lower than Miller Sierra Contractors Inc's reported 495 employees, and received an average PPP loan of $177,269, 96% lower than this company's loan of $5M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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